RumbleOn, Inc. Acquires Freedom Powersports

RumbleOn Acquires Jacksonville Powersports Retail Location (Beach Blvd Motorsports)

January 3, 2022

Retail

RumbleOn, Inc. (NASDAQ: RMBL) has completed the acquisition of a Jacksonville-based powersports retail location (Beach Blvd Motorsports), adding multiple manufacturer product lines including Yamaha, Suzuki, KTM, CFMoto, Zero Electric Motorcycles, Ranger and Tidewater boats. The acquisition expands RumbleOn's physical footprint in Jacksonville, strengthening its omnichannel offering and retail presence as part of its growth strategy.

RumbleOn Acquires RideNow to Create Omnichannel Powersports Platform

August 31, 2021

E-Commerce

RumbleOn, Inc. completed the acquisition of RideNow, acquiring 100% of the RideNow dealership portfolio to form a combined omnichannel powersports platform. The transaction consideration is up to $575.4 million (approximately $400.4 million cash and $175.0 million in RumbleOn Class B common stock) and was financed in part by a $280.0 million term loan commitment from funds managed by Oaktree Capital Management; the combined pro forma business sold more than 63,000 units in 2020 and generated approximately $1.3 billion in revenue.

Xponential Fitness Acquires Rumble Boxing

March 25, 2021

Restaurants & Hospitality

Xponential Fitness has acquired Rumble, a boutique boxing fitness concept founded in New York City, adding the brand to its curated portfolio of franchised boutique fitness studios. Xponential plans to franchise Rumble rapidly and leverage its franchising expertise and investor backing (including Snapdragon Capital Partners) to expand the brand domestically and internationally.

US Med-Equip Acquires Freedom Medical

August 2, 2022

Healthcare Services

Houston-based US Med-Equip has acquired Exton, Pennsylvania-based Freedom Medical from R.A.F. Industries, Inc. The deal, executed by US Med-Equip (a Freeman Spogli-backed platform), expands national footprint and rental/service capacity for hospitals by combining medical equipment rental, therapeutic beds, and support services.

Thrive Acquires IT Freedom

July 12, 2023

IT Services

Thrive, a PE-backed provider of managed cybersecurity and cloud services, has acquired IT Freedom, an Austin-based managed service provider. The deal expands Thrive's NextGen Managed Security & Services Platform into Texas and will enable IT Freedom's clients to accelerate their cloud and digital transformation initiatives.

CF Acquisition Corp. VI Completes Business Combination with Rumble Inc.

September 16, 2022

Media & Entertainment

Rumble Inc. completed its previously announced business combination with CF Acquisition Corp. VI, resulting in Rumble becoming a publicly traded company on NASDAQ under the ticker symbols RUM and RUMBW. The transaction provided Rumble with approximately $400 million in gross proceeds (including an $85 million PIPE and a $15 million forward purchase), which the company said will fund product and infrastructure development, creator recruitment, marketing, team expansion and future acquisitions.